The New Mexico Land Office says it has earned more than $650 million from state trust lands in the most recent fiscal year.
State Land Commissioner Ray Powell attributes the record-setting revenue to higher oil prices and a thoughtful selection of tracts for lease. He says advances in technology have allowed larger volumes of oil to be produced from existing wells.
Renewable energy sources, such as wind and solar power, and commercial leases also contributed to the earnings.
This month we are collecting your stories about the good things Americans are doing to make their community a better place. Some of your contributions will become blog posts and the project will end with a story that weaves together submissions to make a story of Americans by Americans for Americans.
Originally published on Fri August 3, 2012 12:10 pm
(Revised @ 1:48 pm ET)
With only three monthly jobs reports left before Nov. 6, President Obama needs every piece of good economic news he can get to add to his argument for re-election.
Friday's employment report certainly provided some. The Labor Department reported that the economy added an unexpectedly strong 163,000 jobs in July. Forecasters had predicted that the economy would add as many as 100,000 jobs, so the report took most everyone by surprise.
Originally published on Fri August 3, 2012 10:25 am
Swiss tennis star Roger Federer kept his Olympic dream alive Friday, when he won the longest tennis singles match in Olympic history. He defeated Juan Del Potro of Argentina, in a semifinal played on Wimbledon's Centre Court.
The final score of the three-set match, which lasted more than four hours and 20 minutes, was 3-6, 7-6, 19-17. Federer will next face the winner of Friday's semifinal between Andy Murray and Novak Djokovic in the final.